Customers always relied on branch codes for every bank area, which is why all South African banks still go for the traditional branch codes. The Standard Bank Westville branch code is 045426.
Those who perform online bank transactions would require the branch code of the beneficiary when entering the form. There is no doubt that one can get curious about the branch code and how it functions to support any bank transaction. Therefore, it is important to know what a branch code is. Standard Bank is one of the top banks that operates throughout South Africa and offshore locations. The Standard Bank Westville branch code is used to identify the branch for EFTs without any delays or errors.
Understanding the Modern-Day Branch Codes
Branch codes were known as sort codes, and the banks of the UK and Ireland first started them. Over time, check transactions started to increase, and the need for an automatic system was there. Branch codes made their way as the standard codes with six digits in South Africa.
Keep in mind that before the introduction of the IBAN, different countries kept utilizing it. However, many countries, including South Africa, still use them. Although they have been replaced by the universal branch codes in many banks, these traditional codes still have value, and people use them to send them to the right branch. Banks like Standard Bank still use both the unique and the universal branch codes.
Does a Branchless Bank Also Have a Code?
If you are a bank customer for a small bank, you will notice that its branch code remains the same as your colleague’s or friend’s bank. The main reason is that the bank is branchless, or it may have only one head office that can consist of a single universal branch code.
The Standard Bank Westville branch code is there for the Westville branch, which is physical. In a branchless bank, you will not find a physical branch where you can open your bank account. So, the first two digits and the final four digits of the branch code will be the same as others using the digital bank.
There was a time when people had to remember the individual branch codes, or they had to contact the bank so that they could receive payments from the senders. Now, people can use the Standard Bank Westville branch code easily, as they can get it from the Standard Bank’s website and other online sites. This way, they can transfer payments without any hassle.
Also Read: Standard Bank Wonderpark Branch Code